The Trigonometry of Industrial Growth, Human Capital, and Financial Development in Pakistan: An Econometric Analysis
DOI:
https://doi.org/10.62843/jssr.v6i2.794Keywords:
Human Capital, Financial Development, Industrial Growth, ARDL, PakistanAbstract
The study focuses upon the impact of human capital and its combined effect with financial development on industrial growth of Pakistan over the time period of 44 years (1980-2024). This research espoused the techniques of Autoregressive Distributed Lag (ARDL) for the econometric analyses. The results show a long run relationship of the human capital and financial development with industrial growth. The study proposes to invest in human capital to further enhance the industrial growth together with the reform to smoothen the industrial growth, favoring inflows of Foreign Direct Investment (FDI), infrastructure development, control of corruption, and institutional quality reforms are suggested to the stake holders for a better state of industrial growth in Pakistan.
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